P Inc. owns 70% of Q Inc.

During 2019, P Inc sold inventory to Q for $20,000. Half of this inventory remained in Q's warehouse at December 31, 2019 year end.

On January 1, 2019, Q Inc had inventory in its warehouse which was purchased from P for $5,000. This inventory was sold to an outside party during 2019.

Also during 2019, Q Inc sold inventory to P Inc. for $10,000. 50% of this inventory remained in P's warehouse at year end.

Both companies are subject to a tax rate of 25%. The gross profit percentage on sales is 30% for both companies.

P Inc. uses the cost method to account for its Investment in Q Inc. The inventories of both companies as at December 31, 2019 were all sold to outsiders during 2020. There were no intercompany transactions during 2020.

schedule showing the realized and unrealized profits resulting from downstream transactions (i.e. P Inc. selling to Q Inc.) for 2019 and 2020. Your schedule should include both pre-tax and after-tax amounts.